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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Harpoon Discovery | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-8-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Harpoon Discovery deposit at the Rook I project. Drilling results incl. 4.5m @ >10'000 - >61'000cps radioactivity using a RS-120 Scintillometer. Vancouver, BC, August 11 | |
| Resources: | (Resource, Inf.): 3.48Mt @ 2.63% U3O8 for 201.9Mlbs U3O8 contained at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | Vancouver, BC, August 11, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to report the discovery of a new high grade zone of mineralization 4.7 km northeast of the Arrow Deposit as part of our on-going summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Regional drilling approximately 4.7 km northeast of Arrow has resulted in a new discovery of high grade uranium mineralization. Discovery hole HP-16-08 intersected 17.0 m of continuous mineralization (220.0 to 237.0 m) including 4.5 m of off-scale radioactivity (>10,000 to >61,000 cps). This new zone has been named the Harpoon Discovery and is defined by the presence of strong visible uranium mineralization and includes dense accumulations of massive to semi-massive pitchblende mineralization. The discovery hole was a 250 m step-out along trend to the northeast of hole HP-16-06 (also reported in this news release), which encountered 1.5 m of continuous mineralization (<500 to 2200 cps) from 303.0 to 304.5 m. The Harpoon Discovery is on land and starts at a vertical depth of approximately 210 m. In addition, uranium occurrences between Arrow and along trend to the northeast at Harpoon have now been traced over a mineralized strike length of 5.6 km all within the Rook I property. Radioactivity results for the discovery hole and three other holes drilled in the same area are included in this press release. The area was first drilled in the summer of 2015 with four holes (see news release dated September 22, 2015). | |
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